May’s advance goods trade deficit widened sharply to $105.8 billion, surpassing the $85.2 billion consensus estimate.
The US goods trade deficit widened to $105.8 billion in May, up from a revised $83.0 billion in April. The April figure was previously reported at $82.4 billion.
The May deficit exceeded economists’ expectations of an $85.2 billion shortfall. The advance data reflects broader trade trends ahead of the full report.
No immediate market reaction was detailed in the release.